Overview
- President Trump has set an Aug. 1 deadline for a U.S.-Canada trade deal, threatening 35 per cent tariffs on Canadian goods if no agreement is reached.
- Prime Minister Carney convened premiers in Huntsville on July 21 and held sessions with Indigenous representatives to advance trade discussions, with cross-jurisdictional talks continuing on July 22 ahead of the Aug. 1 deadline.
- Under Bill C-5, Ottawa can fast-track major projects deemed in the national interest, and an expert panel has urged immediate designation of low-risk, high-impact initiatives to mitigate potential tariff impacts.
- Health-care associations urged premiers to tackle staffing shortages and harmonize interprovincial licensing this week, emphasizing that a resilient health system underpins economic stability.
- Economic commentators warn that Canada’s reliance on U.S. trade — accounting for more than 75 per cent of exports — heightens recession risks and demands urgent federal-provincial coordination to diversify the economy.